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As a key part of the rapid expansion of China's business, NSK decided to establish Changshu NSK Bearings Co., Ltd. to manufacture needle roller bearings.
The new company is located in Changshu Southeast Economic Development Zone, covers an area of ​​120,000 square meters, registered capital of 14 million US dollars. With a total investment of US$42 million, the company is committed to the production and sales of needle roller bearings.
The company plans to start production in the summer of 2005. By 2008, there will be 700 employees and a sales income of about 10 billion yen.
NSK established its presence in the Chinese market in the 1960s and now has manufacturing facilities in Suzhou, Guizhou, Jiangsu, and Guangdong. NSK set up factories in Kunshan, Jiangsu and Guizhou in 1995 and 1997 respectively. The production line of NSK Dongguan Steering Systems Co., Ltd. has just started. The plant produces steering columns and joints, supplying Japanese automakers factories in China.
NSK Zhangjiagang, near Shanghai, produces semi-finished bearing components for NSK's other plants. Timken-NSK Suzhou is a joint venture between NSK and Timken. It also just started producing tapered roller bearings for automobiles. It is NSK's first out-of-home taper roller bearing plant, and NSK is determined to continuously expand related businesses in China and Asia to meet the needs of Japanese automakers for transmission bearings and wheel bearings.